Can I retire at age 68 with 873,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $873,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$72,092$71,449$70,823$70,211$69,614$68,377
2 years$35,689$35,024$34,380$33,755$33,150$31,907
3 years$23,556$22,889$22,246$21,627$21,031$19,822
4 years$17,491$16,826$16,190$15,581$15,000$13,834
5 years$13,853$13,191$12,564$11,968$11,403$10,283
6 years$11,428$10,772$10,153$9,571$9,023$7,950
7 years$9,697$9,046$8,437$7,869$7,338$6,313
8 years$8,399$7,754$7,156$6,601$6,087$5,111
9 years$7,390$6,751$6,163$5,623$5,126$4,197
10 years$6,584$5,951$5,373$4,847$4,368$3,485
11 years$5,924$5,298$4,730$4,218$3,757$2,919
12 years$5,375$4,755$4,198$3,700$3,255$2,462
13 years$4,911$4,297$3,751$3,266$2,839$2,088
14 years$4,513$3,906$3,370$2,900$2,488$1,779
15 years$4,169$3,568$3,043$2,586$2,191$1,522
16 years$3,868$3,274$2,759$2,315$1,936$1,306
17 years$3,602$3,015$2,510$2,080$1,717$1,124
18 years$3,367$2,786$2,292$1,875$1,527$969
19 years$3,156$2,582$2,098$1,694$1,361$838
20 years$2,967$2,399$1,925$1,534$1,215$725
21 years$2,796$2,235$1,771$1,392$1,088$629
22 years$2,641$2,086$1,632$1,266$975$546
23 years$2,499$1,951$1,507$1,153$875$474
24 years$2,370$1,828$1,394$1,052$787$412
25 years$2,251$1,716$1,291$960$708$359
26 years$2,141$1,612$1,197$878$638$312
27 years$2,040$1,517$1,112$804$575$272
28 years$1,946$1,430$1,033$736$519$237
29 years$1,858$1,349$962$675$468$207
30 years$1,777$1,274$896$620$423$181
31 years$1,701$1,204$835$569$383$158
32 years$1,630$1,140$779$523$346$138
33 years$1,563$1,079$728$481$313$120
34 years$1,501$1,023$680$443$284$105
35 years$1,442$970$636$407$257$92
36 years$1,387$921$595$375$233$80
37 years$1,334$875$556$346$211$70
38 years$1,285$831$521$319$191$61
39 years$1,238$790$488$294$173$54
40 years$1,194$752$458$271$157$47
41 years$1,151$716$429$250$143$41
42 years$1,111$682$403$231$129$36
43 years$1,073$649$378$213$118$31
44 years$1,037$619$355$197$107$27
45 years$1,003$590$333$182$97$24
46 years$970$563$313$168$88$21
47 years$938$537$294$155$80$18
48 years$908$513$276$143$73$16
49 years$880$490$259$132$66$14
50 years$852$468$244$122$60$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $873,000, adding $6,683 every year, while hoping to spend $38,345 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 73/8/19 Blend
67$873,000$873,000$873,000$873,000
68$968,940$922,671$909,139$1,034,842
69$1,026,973$927,083$898,796$1,083,909
70$1,089,640$930,426$886,822$1,132,360
71$1,157,373$932,607$873,121$1,184,454
72$1,230,649$933,528$857,594$1,240,545
73$1,309,987$933,083$840,136$1,301,024
74$1,395,964$931,162$820,638$1,366,322
75$1,489,209$927,646$798,986$1,436,914
76$1,590,417$922,409$775,061$1,513,326
77$1,700,352$915,319$748,738$1,596,135
78$1,819,853$906,235$719,885$1,685,981
79$1,949,844$895,007$688,368$1,783,566
80$2,091,341$881,476$654,042$1,889,668
81$2,245,464$865,474$616,758$2,005,143
82$2,413,443$846,823$576,361$2,130,935
83$2,596,632$825,336$532,687$2,268,087
84$2,796,522$800,811$485,566$2,417,748
85$3,014,755$773,039$434,820$2,581,186
86$3,253,137$741,794$380,263$2,759,798
87$3,513,656$706,842$321,701$2,955,127
88$3,798,503$667,930$258,932$3,168,874
89$4,110,087$624,795$191,743$3,402,914
90$4,451,063$577,157$119,913$3,659,315
91$4,824,353$524,720$43,212$3,940,359
92$5,233,176$467,171$0$4,248,562
93$5,681,077$404,179$0$4,594,532
94$6,171,958$335,395$0$4,983,352
95$6,710,119$260,450$0$5,409,680
96$7,300,293$178,955$0$5,877,291
97$7,947,697$90,497$0$6,390,346
98$8,658,072$0$0$6,953,429
99$9,437,747$0$0$7,572,062
100$10,293,690$0$0$8,259,997